St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-16
On the Chicago Board of Trade Wheat for
May Went Up to SO
Gents.
Everybody in Fever to Know What tue
Olique's Intentions Are on the
1st Prox.
Ordinary Points on the Situation Fail to
Have Any Signif-
canoe.
TRANSACTIONS in the Financial Cir
cles (Wal Street General
Quotations.

CSE&J AGO, April lo.-N neat Tor May was III
sec for a minute to-day Kershane & Co.,
clique bro&ers, bought some wheat, for which
they paid that figure. Other clique houses
were selling at the same figure. Ordinary
points on the market don't count for any
thing any longer about the wheat pit. Re-
ceipts, shipments, rain, drought, buyers,
sellers-none of these significant and con-
trolling influences ut most times are given
moments consideration now. There is only
one subject that is talked, it is the clique.
viii there be storage loom here! VIII Inc
cash wheat be paid for by May l? Will the
upset price be 90c or 81? Will the deal stop
at Nav or run through June and July? These
are phases of this one uppermost topic that
absorb all the attention.
THE GENERAL OPINION
as to them all is given in the course of the
market If the crowd here did rot believe
that May wheat would all be paid for and
taken in May the price would not have been
Sec this morning while il was 7S1sc st Mil
waukee, only 9214c at New York, sic at st.
Louis and S3s4c ut Detroit. n. B. Ream, after
survey of the weather maps, said: IF this
irouth in Ohio and Indiana lasts another
week there will be buyers enough from that
section to unload this whole deal on" K. q.
Mccormack says: In answer 10 100 in-
auiries sent out by myself the replies were
that in Ohio and Indiana, and in parts of
Kansas winter wheat had already suffered
terribly In Illinois and Missouri the crops
nave not suffered yet bat continued dry
weather viii cause them to suffer desper-
ately."
THE ROUTINE REPORT.
CHICAGO, April l5.-The wheat market was
IN a highly nervous condition to-day. The
impending fear of corner in May delivery
eaused a lot of small ''shorts" to run to cover
and as result May advanced rs to S614c,
which was the top price for the day. The
market eased off to S514c at the close. The
speculative offerings were very light during
the entire session and the advance was ap
parently not urged by the bull clique, which
is supposed to be in complete control of the
market. Outside influences appeared to have
no bearing whatever on the course of the
values. The receipts continue to be free, but
storage room is nearly all filled and this con-
firms the belief that a corner is among
the possibilities. Parties who had
Louis. and sold here were covering
freely together with an urgent call from other
parties. The aggregate receipts at II points
were $4,000 bu., showing falling off. The
export movement at the seaboard was fair,
the clearngs from ports being 242, 200 bu.
The advance in June and July deliveries was
nearly equal to that in May. There was
fair trade in corn and the feeling was frmer.-
largely due to the strength i'll wheat. The
receipts were light which also tended to i'm
part strength to the market. Prices ad-
vanced 81 and closed for the day &c higher
than yesterday. Oats ranged - higher
early but reacted and closed at about yTster-
days figures. There was a little more doing
in mess pork and prices were not quite so
strong. 4 few sales were made at Csc de-
cline. Lard was also firmer, but closed at
yesterdays closing prices. Short ribs ruled
50I0c higher.
THE QUOTATIONS..
The leading futures ranged as follows
Wheat-No. 2. April, opened at S014c, clos
ing at SO@4c; May, S41sc, closing at
s5Ic: June, Sl75c, closing at s295c: July,
size, closing at S212c. Corn-No. 2, April,
SAGE, closing at S4s4c: May, sec, closing
at 3914c; June, 1920, closing at 40asc:
July, 4134c closing at 41$4c. Oats-No. 2,
ing at 291sc; June, 293sc, closing at 1890;
July, $3.50 closing at i295sc. Mess
pork, per barrel-April, S9O.75, closing
at S2O65; May, S21, closing Scots; June, s2l,
closing at S2U.75. Lard, per 100 pounds-April,
S1.35. closing at $3.50; May, $40, closing
at STAG; June, $3.50, closing at $3.50; July.
S7571% closing at S1.5719. Short ribs. per
100 pounds-.April, $3.50, closing at $3.50;
May, $685., closing at So 35; June. $S.4215 clos
ing at IS. 47h; July, SIS. so, closing at S857%
Cash quotations were as follows: Flour quiet
and unchanged. Wheat-No. spring, 5000
s315c; No. 3 spring, rye; No. 2 red, S375c.
Corn--No. 2. 34$4@3Sc. Oats-No. 2, 2S15c.
Rye-No.2 2, 551ac. Bariey-No. 2, SIC. Flax
seed-No- l, S1.O3. Timothy seed-Prme,
81 .6S@1.70. Mess pork. per Dbl, 5000. Lard,
per 100 lbs, S7.35. Short ribs sides, loose,
$50: dry sailed shoulders, boxed Sc. 100
5.25; short clear Sides boxed, S8.70@S.75.
Whisky, distillers' finished goods, per gal,
sl.1S. Sugars, cut loaf, 6A@65Ac; granu-
ated, 61sc; standard a. 55c. Receipts
Flour, 10000 bbls; wheat, 45, 600 bu: corn,
II ,OOC blu: oats, sc, 600 bu; barley, II, 900 bu.
Shipments-Flour 5000 bbls; wheat, 1000
bu; corn, 10000 bu: oats, $4,000 bu: bar
ley. 1900 bu. On the produce exchange to-
dav the butter market was weak; creamery,
1S(I24c
l21Sc.
r. M. NEWPORT g. SON,
Investment Bankers, l52, 1853, 154 Drake Block,
Loan Money Improved Real Estate Security, at
8. 6&, 7, 719 and s per cent.
On shortest notice for any amounts.
Duluth " heat.
Special to the Globe.
DULUTH, Mimi, April 15.-The Duluth mar
ket opened at about slst nights close 1t
was some time before prices could be put up.
By IL 80 May was only TS14c, but a better de-
mand existed after that and the price adj
yanced to 7S5Ec, which was the highest point
IF the day. The demand was fair but never
1t any time above the supply. Any increase
IN demand here would undoubtedly result in
making a much higher market. The differ
ence between Duluth and Chicago is continu-
ally widening. To-day the latter was at one
time nc above market for May and at
the close was re above, while Chicago June
wheat closed 15sc above June wheat here.
Near the close there was more disposition to
sell and the market closed easier. May
vheat opened at 7819c, ruled steady for a
time. then advanced &c, halted for
time, finally became active and
advanced to 1880 eased off and
closed at 7S15c June wheat opened at 7955c,
advanced to S0$sc, eased Off and closed at
sO1zc bid, 8034c sellers. July ranged from
Sl$sc up to SIC, and closed at S1s4c After
moon Board-The market was lively. May
sold at 7S3sc and closed at 7S4c bid. June
sold at S03sc down to sO14c, and closed at
SO1Ec. August sold at $3.50. Chicago closed
at S514c for May and S23sc for June. Bad
crop news to-day added to the strength and
did as much as anything else to put up
values especially of the more distant futures
There seems little doubt that the winter
wheat crop is IN much poorer condition than
has generally been supposed.
MICHAEL DORIAN 81 CO.,
COMMISSION MERCHANTS, ST. PAUL. MINI
Graik and provisions bought and sold for cash
or future delivery. Commission eighth. Or
ders for the purchase and sale of stocks on any
stock exchange in the country promptly executed.
We have the only direct private wire from ST.
Paul to Chicago and New York
milwaukee, Produce.
MITw AITkEE Aprjl I5.-FlOur steady. wheat